February 2018

Smooth sailing. Wouldn’t you like to describe your mortgage application experience this way? You can – and this is true even if you encounter the “dreaded” credit score surprise, says Vice President of Loan Origination for Allen Tate Mortgage, Lisa Green. That’s right: You don’t have to fret over a credit score that’s not what you expected.
In fact, Green continues, “You may discover that your homebuying credit score is higher than you thought it was.” Free credit score reports are offered today by many credit card companies and credit services. “But these companies use a different credit model than mortgagers do,” she explains. “Their model is designed for personal or car loans, or credit card applications, which are smaller commitments...